Albany International Corporation

Albany International is a global advanced textiles and materials processing company with two core businesses. Machine Clothing (MC) is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. MC has a global market share of approximately 30%, compared to 15% estimated share for the next largest competitor. Albany Engineered Composites (AEC ) is a rapidly growing supplier of highly engineered composite parts for the aerospace Industry. AEC is the sole supplier of fan blades, fan cases and other advanced composite components for the CFM LEAP engine; current estimates for annual LEAP production rates are approximately 1600 engines by the end of the decade, for which AEC will deliver approximately 100,000 parts per year. Albany International is headquartered in Rochester, New Hampshire, and operates 18 plants in 11 countries (United States, Canada, Mexico, Brazil, France, United Kingdom, Germany, Italy, Sweden, China, and South Korea), employs 4,000 people worldwide, and is listed on the New York Stock Exchange (Symbol AIN).

Company Growth (employees)
Type
Public
HQ
Rochester, US
Founded
1895
Size (employees)
4,400 (est)
Website
albint.com
Albany International Corporation was founded in 1895 and is headquartered in Rochester, US

Albany International Corporation Office Locations

Albany International Corporation has offices in Rochester and Albany

Albany International Corporation Data and Metrics

Albany International Corporation Financial Metrics

Albany International Corporation's revenue was reported to be $199.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

199.3 m

Gross profit (Q1, 2017)

75.9 m

Gross profit margin (Q1, 2017), %

38%

Net income (Q1, 2017)

11 m

EBIT (Q1, 2017)

22.1 m

Market capitalization (15-Aug-2017)

1.6 b

Cash (31-Mar-2017)

143.3 m
Albany International Corporation's current market capitalization is $1.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

745.3 m709.9 m779.8 m

Revenue growth, %

(5%)10%

Cost of goods sold

431.2 m479.3 m

Gross profit

278.7 m300.6 m

Gross profit Margin, %

39%39%

General and administrative expense

146.2 m160.1 m

Operating expense total

146.2 m160.1 m

EBIT

63.9 m91.8 m

EBIT margin, %

9%12%

Interest expense

11.8 m15.5 m

Interest income

(1.9 m)(2.1 m)

Pre tax profit

51.5 m78.3 m

Income tax expense

25.5 m

Net Income

17.7 m41.7 m57.3 m52.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

172.3 m178.8 m172.3 m203.2 m191.3 m199.3 m

Cost of goods sold

117.7 m103 m99.8 m124.9 m118.9 m123.4 m

Gross profit

54.6 m75.7 m72.5 m78.3 m72.4 m75.9 m

Gross profit Margin, %

32%42%42%39%38%38%

General and administrative expense

39.9 m35.5 m39.4 m43.5 m38 m40.9 m

Operating expense total

39.9 m35.5 m39.4 m43.5 m38 m40.9 m

EBIT

3 m25.8 m22.3 m17.9 m24.8 m22.1 m

EBIT margin, %

2%14%13%9%13%11%

Interest expense

2.7 m2.7 m2.2 m3.7 m3.7 m4.3 m

Pre tax profit

21.9 m20.4 m20.9 m17.5 m

Income tax expense

(364 k)12.2 m7 m6.1 m7.5 m6.6 m

Net Income

11.2 m11.8 m12.2 m(2.1 m)9.7 m13.3 m10.1 m13.4 m11 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

222.7 m179.8 m185.1 m181.7 m

Accounts Receivable

163.5 m158.2 m146.4 m171.2 m

Inventories

112.7 m107.3 m106.4 m133.9 m

Current Assets

522.5 m460.1 m452.1 m501.3 m

PP&E

418.8 m395.1 m357.5 m422.6 m

Goodwill

78.9 m71.7 m66.4 m160.4 m

Total Assets

1.2 b1 b1 b1.3 b

Accounts Payable

36.4 m34.8 m26.8 m43.3 m

Total Debt

432.9 m

Current Liabilities

158.5 m183.4 m126.2 m200 m

Total Liabilities

752.1 m

Common Stock

40 k37 k37 k37 k

Additional Paid-in Capital

416.7 m419 m423.1 m426 m

Retained Earnings

434.6 m456.1 m492 m522.9 m

Total Equity

547.8 m513.6 m502.6 m511.3 m

Debt to Equity Ratio

0.8 x

Debt to Assets Ratio

0.3 x

Financial Leverage

2.1 x2 x2 x2.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

206.8 m195.5 m170.8 m182.5 m171.8 m169.6 m176 m196.2 m143.3 m

Accounts Receivable

148.5 m147.5 m163.4 m161 m151.9 m150.8 m176.3 m170.7 m174.3 m

Inventories

123.9 m121.6 m104.8 m109.6 m110.3 m110.4 m145.4 m138.7 m150.5 m

Current Assets

503.2 m487.4 m456.1 m476.8 m454.5 m452.7 m513.6 m522.2 m484.6 m

PP&E

414.8 m408.1 m380.9 m379.1 m365.7 m356.9 m440.2 m441.6 m432.5 m

Goodwill

78.6 m74 m65.7 m67.5 m67.6 m68.4 m98.6 m134.7 m161.1 m

Total Assets

1.1 b1.1 b1 b1 b975.4 m1 b1.2 b1.3 b1.3 b

Accounts Payable

35.7 m32.2 m36.4 m32.3 m28.7 m31.9 m40.6 m36.7 m43.8 m

Current Liabilities

142 m139.5 m177.7 m174.1 m174.2 m120.4 m136.2 m147.1 m188.1 m

Common Stock

40 k40 k37 k37 k37 k37 k37 k37 k37 k

Additional Paid-in Capital

418.1 m418.5 m420.5 m422.2 m422.6 m424.2 m424.9 m425.3 m427 m

Retained Earnings

446.6 m453.3 m463.2 m455.6 m459.8 m500 m504.9 m512.5 m528.2 m

Total Equity

559.4 m539.5 m486.4 m491.9 m477.8 m522.7 m515.6 m525.1 m528.6 m

Financial Leverage

2 x2.1 x2.1 x2.1 x2 x1.9 x2.4 x2.4 x2.4 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

17.7 m41.7 m57.3 m52.8 m

Depreciation and Amortization

57.2 m56.6 m53 m58.1 m

Accounts Receivable

(8.9 m)(6.6 m)(404 k)(12.7 m)

Inventories

5.7 m(744 k)(8.3 m)(12.5 m)

Accounts Payable

955 k640 k(6 m)2.1 m

Cash From Operating Activities

62.6 m84.2 m95.9 m79.5 m

Purchases of PP&E

(61.8 m)(58.2 m)(48.6 m)(71.2 m)

Cash From Investing Activities

(41.4 m)(57.7 m)(253.6 m)

Dividends Paid

(13.9 m)(19.7 m)(21.1 m)(21.8 m)

Cash From Financing Activities

3.9 m(50.5 m)(27.3 m)173.5 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

11.2 m11.8 m12.2 m(2.1 m)9.7 m13.3 m10.1 m13.4 m11 m

Depreciation and Amortization

14.3 m13.7 m13.5 m13.4 m13 m13.1 m15.1 m16.5 m14.6 m

Accounts Receivable

3.3 m(4.4 m)(13.7 m)4.2 m5.1 m(902 k)(10.4 m)4.8 m(741 k)

Inventories

(2 m)(1.3 m)(3.1 m)(4.1 m)(3.6 m)(1.3 m)(6 m)(5.5 m)(14.9 m)

Accounts Payable

555 k(2.1 m)3.5 m(4.9 m)(3.1 m)1.6 m1.3 m(4.4 m)3.5 m

Cash From Operating Activities

32.7 m22.5 m6.4 m10.9 m41.9 m4 m18.6 m29.2 m

Purchases of PP&E

(12.8 m)(18.7 m)(12.2 m)(18.5 m)(9 m)(8 m)(20.1 m)(21.9 m)(25 m)

Cash From Investing Activities

(11.9 m)(18.9 m)(9.4 m)(18.8 m)(9.3 m)(8.1 m)(206 m)(17.8 m)(25.1 m)

Dividends Paid

(4.8 m)(5.1 m)(5.1 m)(5.1 m)(5.4 m)(5.4 m)(5.5 m)(5.5 m)(5.5 m)

Cash From Financing Activities

(21.8 m)(6.3 m)5.7 m14.7 m(37.6 m)(15.4 m)194.7 m7 m(11.2 m)
USDY, 2017

Revenue/Employee

45.3 k

Financial Leverage

2.4 x

Albany International Corporation Market Value History

Traffic Overview of Albany International Corporation

Albany International Corporation Company Life and Culture

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